Chief Executive Officer
Carlos Araque is an engineer with a background in technology transfer, product development and
venture capital. He has extensive experience building, leading and financing high-performing
multidisciplinary teams to commercialize breakthrough innovations from university and corporate labs.
His work in industry from 2002 to 2017 led to the commercialization of multiple best-in-class products in
the energy industry. He knows how to define technology, product and business roadmaps for diverse
industries, setup specialized laboratory equipment for exploration and characterization of ideas, create
and maintain an intellectual property portfolio, secure strategic partnerships to facilitate execution, and
fundraise to ensure continued capitalization of ideas in their commercialization journey.
From 2017 to 2018, he was the Technical Director for The Engine, MIT’s groundbreaking fund and
platform to commercialize world-changing ideas. He mentored the resident early-stage start-ups in
defining their market, product, team and financing strategies; supported the investment team in their
capital deployment decisions via technical due diligence; and advised the accelerator team in the
definition of their entrepreneurship program, lab and space setup, and external partnerships.
During his time at The Engine, Carlos got introduced to the work of Dr. Paul Woskov from the MIT
Plasma Science and Fusion Center on disruptive millimeter wave drilling technology for deep geothermal
heat access, and founded Quaise, Inc. to pursue commercialization of the technology at scale. He leads
the company as its CEO, with teams in Houston, Boston and Cambridge UK.
Carlos is from Medellin, Colombia and has BS and MS degrees in Mechanical Engineering from MIT.